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Gujarat's Key Role in India's Industrial Future Spotlighted at Pre-India Chem 2024 Industry Meet

The Union Ministry of Chemicals & Fertilizers and FICCI hosted an Industry Meet in Ahmedabad, highlighting Gujarat's key role in chemicals and petrochemicals while setting the stage for India Chem 2024 with a focus on sustainability and investment

KJ Staff
Industry Meet for India Chem 2024
Industry Meet for India Chem 2024

Ahead of India Chem 2024, the 13th Biennial International Exhibition and Conference on Chemicals and Petrochemicals, the Union Ministry of Chemicals & Fertilizers, alongside the Federation of Indian Chambers of Commerce & Industry (FICCI), hosted an Industry Meet in Ahmedabad on August 20th.

Anupriya Patel, Minister of State for Health & Family Welfare and Chemicals & Fertilizers, attended as the Chief Guest, underscoring the essential role of the chemical industry in realizing India's vision of a $5 trillion economy. She highlighted the government's prioritization of the chemicals and petrochemicals sector, noting ongoing efforts to reduce bottlenecks, streamline compliance, and foster an investment-friendly environment.

Patel lauded Gujarat's leadership in the industry, stating, “Gujarat is at the forefront of India’s industrial sector, especially in the chemicals and petrochemical sectors, with a 62% share of India’s petrochemical production, 53% of chemical production, and 45% of pharmaceutical production.”

Gujarat's Industries Minister, Balvantsinh Rajput, serving as the Guest of Honour, emphasized the state’s strategic contribution to India's industrial growth, pointing out that Gujarat contributes 8.4% to the national GDP and 18% to the overall manufacturing output. He also noted that Gujarat accounts for 33% of India’s total exports.

The Industry Meet aimed to position Gujarat as a global hub, attract new investments, and highlight innovations aligned with sustainable practices. It provided a platform for industry leaders, policymakers, and stakeholders to discuss the sector's future and explore collaborative opportunities.

Nivedita Shukla Verma, Secretary of the Department of Chemicals & Petrochemicals, highlighted Gujarat PCPIR as a role model and discussed government measures to protect the domestic industry from unfair trade practices, including duty rationalization and the imposition of non-tariff measures to curb low-quality chemical imports.

The Ahmedabad event is part of a series leading up to India Chem 2024, which is scheduled for October 17-19 in Mumbai. The main event will showcase the latest technologies and innovations in the global chemical and petrochemical sectors, as well as provide a forum for discussing policy issues, regulatory frameworks, and sustainable practices vital to the industry's future.

Other notable attendees included Deepankar Aron, Joint Secretary, Department of Chemicals & Petrochemicals, Government of India; Mamta Verma, Principal Secretary, Industries & Mines, Government of Gujarat; Deepak C. Mehta, Chairman of the National Chemical Committee of FICCI; and Rajiv Gandhi, Chairman of the FICCI Gujarat State Council.

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